Quest Patent Research Corp (OTC: QPRC) is a patent monetization company that acquires patent portfolios and generates revenue by licensing those patents and pursuing infringement litigation against alleged infringers. Revenue is transactional, derived from settlements and licensing fees collected through litigation, primarily in the U.S. District Court for the Eastern District of Texas. The company has operated in the intellectual property management business since 2008. QPRC reported zero revenue for the year ended December 31, 2025, and the 10-K filed March 30, 2026 disclosed substantial doubt about its ability to continue as a going concern. The company has one full-time employee, Jon C. Scahill, who serves simultaneously as Chief Executive Officer, Acting Chief Financial Officer, and President. Key portfolio holdings include the MR Licensing LLC portfolio of over 2,500 U.S. patents related to data storage device security and semiconductor circuitry, and the Deepwell portfolio of 12 U.S. patents related to integrated circuit manufacture and operation.

Revenue model

Transactional royalty and settlement revenue from patent licensing and infringement litigation. Net proceeds are shared with funding partners: Intelligent Partners receives a 60% interest in proceeds from patents held by eight Subsidiary Guarantors, and a tiered 10% to 50% interest in proceeds from newly acquired patents until cumulative payments reach $2,805,000 (per agreements disclosed in the 10-K filed March 30, 2026). The company reported no revenue for the year ended December 31, 2025.

Products and services

Patent portfolios acquired for monetization, including: the MR Licensing LLC portfolio (over 2,500 U.S. patents covering data storage device security and semiconductor circuitry, acquired via a $9,000,000 advance to Monterey Research LLC); the Deepwell portfolio (12 U.S. patents related to integrated circuit manufacture, body-bias voltage routing, and power conservation, acquired January 2022); and 17 additional portfolios for which the company does not anticipate allocating monetization resources, as of the 10-K filed March 30, 2026.

Customers and end markets

Revenue is generated from settlements with technology and semiconductor companies accused of patent infringement. Past settlements disclosed in the 10-K filed March 30, 2026 include ZTE Corporation, Guangdong OPPO Mobile Telecommunications Corp., Samsung Electronics Co., Ltd., TCL Technology Group Corporation, and MediaTek Inc. End markets are semiconductor and consumer electronics manufacturers.

Value-chain role

Patent aggregator and monetization vehicle. QPRC acquires patents from third parties, funds litigation through external capital providers (QFL, Intelligent Partners), and distributes net settlement proceeds to those funding partners under contractual participation agreements.

Geographic exposure

Litigation conducted in U.S. federal courts, primarily the U.S. District Court for the Eastern District of Texas. No international operations are described in the filing excerpts.

Source: SEC 10-K, filed 2026-03-30

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